Dow closing in on 11K -what did you do?

[RIJIMMY]

I cant tell you how many people told me "Yeah, I dumped all my mutual funds and have my IRA/401ks in cash!" Huh? You sold in a down market??????? now that its up, i guess its time to buy in again??
People dont get it. As for me, I kept investing, and staying true to my strategy. I rebalance quarterly which recogizes gains and straightens out my risk. Im good, let her keep climbing.

[eastendlu]

I stayed pat and played the hand i was dealt.I guess i was holding aces...

[FishermanTim]

BUY, BUY, BUY!!!!
I even increased my 401k contributions and left them grow.

The ONLY advice I can give is this: Unless you HAVE to take it out, don't.... just leave it alone.

That doesn't mean you should completely ignore your investments, but don't become obsessed about every little "market correction" that comes along.

Here's a little story:

I had a co-worker that would check her investments constantly, and would freak out if the price of any stock dropped.
One time back in the late 90's I happened to be there when our company posted the annual gains for the funds.
Well, almost all the mutual funds dropped by as much as $1.00 per share, and she was pratically freaking out crying how she just lost thousands of dollars.
I then asked her one question: "Are you retiring right now?"
Of course she said "No!"
My reply was simple: "Then relax and forget about it. Any drop in price will be regained after the end of the year."

Within a week the prices were back to where they were before, and she never broke down like that again.

Anyone that didn't have to sell their investments will probably kicking themselve in the a$$ because they may have lost tens of thousands of dollars bt keeping their funds out of the market.